The Seattle tech sector announced an array of news last week. A local startup emerged from stealth with a seed funding round while another company made an acquisition to further its mission. One company also raised significant funding and brought its valuation to $1.6 billion. Catch up on the latest Seattle tech news with the Built In Seattle Weekly Refresh.
XetHub landed $7.5M. Seattle-based XetHub emerged from stealth last week with a $7.5 million seed round from Madrona. Publicly available for free, XetHub’s platform allows remote machine learning application developers to collaborate at scale by bringing data and code to one location. The startup said this will help developers quickly and easily build intelligent applications, which depend on data and artificial intelligence. [Business Wire]
Apptio acquired Cloudwiry. Helping companies manage their IT operations, Bellevue-based Apptio acquired Austin-based Cloudwiry for an undisclosed amount. Cloudwiry works in the cloud-based application space and offers automated services to help companies operate multi-cloud assets. Together, the two companies will help their customers save money, be more productive and reduce waste. [Built In Seattle]
Seattle Tech Quote of the Week
“This funding underscores the crucial market need for powerful cloud-native observability solutions to generate positive business outcomes — especially critical now as companies seek more efficient and effective ways to improve customer experiences.” — Martin Mao, Chronosphere CEO and co-founder
Chronosphere got $115M. This Series C addition brings the company’s round to $315 million and its valuation to $1.6 billion. Founded in 2019, Chronosphere is a cloud-native data observability company that works with clients like DoorDash, Zillow and Robinhood. Chronosphere plans to us the fresh capital to bring its solution to the broader market. The remote-first company is based in New York and has hubs in Seattle and Lithuania. [Built In Seattle]
WiBotic named a new VP of engineering. Previously serving as president and CEO of Alithion, Symbio and BSQUARE, Brian Crowley joined WiBotic as the company’s new VP of engineering. WiBotic helps businesses increase the uptime of robot fleets with its wireless charging and power optimization solutions. WiBotic said Crowley will help it “double down” on its commitment to increasing customers’ robot fleet productivity and minimize costs. [WiBotic]
